Examples of Preferred Stock Shares in a sentence
The 9% Convertible Preferred Stock Shares are being offered by the Company on a “Best Efforts” basis with no minimum and without the benefit of a Placement Agent.
Any such conversion shall be deemed to have been effected, without further action by any party, immediately prior to the close of business on the fifth Business Day after the Corporation delivers notice of its election of a Mandatory Conversion to the holders of Series A Preferred Stock Shares.
The Company, at the completion of this Offering will have 8,400 9% Convertible Preferred Stock Shares Issued.
This Agreement shall be construed and governed by the internal laws of the State of Florida , U.S.A. , excluding the application of its choice-of-law principles.
The Company has the Right to “Call In” all 9% Convertible Preferred Stock Shares at the value of the Common Stock Shares, less the appropriate percentage discount in the Year that the acquisition or merger occurs.
The Company has the Right to convert the 9% Convertible Preferred Stock Shares to Common Shares of the Company should the Company be acquired or merged with another company (where the Company has less than 50% controlling interest).
The Corporation and each Holder by accepting Preferred Stock Shares, agree that the covenants and obligations contained in this Designation relate to special, unique and extraordinary matters and that a violation of any of the terms hereof or thereof would cause irreparable injury in an amount which would be impossible to estimate or determine and for which any remedy at law would be inadequate.
A statement of the designations of the authorized classes of stock or of any series thereof, and the powers, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof, or of the authority of the Board of Directors to fix by resolution or resolutions such designations and other terms, is as follows: (1) Preferred Stock: Shares of Preferred Stock may be issued from time to time in one or more series.
Browx & Xons Incorporated 3403 XX 00xx Xxxxxx/Xxxxxxxx 00 Xxx Xxxxx Xxxxxx Xx. Xxxxxxxxxx, Xxxxxxx 00000 Baltxxxxx, Xxxxxxxx 00000 Xxdies and Gentlemen: The undersigned subscriber for shares of Series C Cumulative Convertible Preferred Stock ("Shares") of Park `N View, Inc.
The Offering will commence promptly after the date of this Offering Circular and will close (terminate) upon the earlier of (1) the sale of 200,000 9% Convertible Preferred Stock Shares, (2) One Year from the date this Offering begins, or (3) a date prior to one year from the date this Offering begins that is so determined by the Company’s Management (the “Offering Period”).